FILE PHOTO: A U.S. flag flies at a Goodyear Tire facility in Somerville, Massachusetts, U.S., July 25, 2017.
REUTERS/Brian Snyder/File Photo(Reuters) -Goodyear Tire & Rubber Co posted quarterly profit and revenue that beat Wall Street estimates on Friday, as sales of its tires rose due to a rebound in auto demand.
U.S. auto demand, however, has risen since then, as consumers focus on personal safety and opt for private vehicles during the COVID-19 pandemic.
The company, whose brands include Kelly and Dunlop, said tire volumes rose 12% to 35 million units in the quarter, while replacement tire volumes jumped 14%.
Excluding items, the company earned 43 cents per share, beating estimates of 9 cents, according to Refinitiv data.
Brian Snyder, “, ”, Richard Kramer, Kelly, Dunlop
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Somerville , Massachusetts, U.S